This is my first post! Looking forward to learning, sharing, and becoming an advocate for those who have been destroyed by inaccuracies and DTP that have caused identity profiling,.Data that is bought, sold, and shared throughout many CRA's if I data is accurate can be helpful however if the data is not accurate the impact has a snowball effect that has the potential to destroy consumers. The horror stories that have cost us thousands of dollars in banking fees and return checks by their software that is designed to prey on consumers who have high risk evaluation. The bonus and commissions that fund bankers and employees is criminal. I pray for the day that I can verify the wrongs that have been inflicted unfairly because of the data and DTP that has followed me wherever bank I go. The deceptivenessliterally takes my breath away and causes panic attacks. To be labelled a hot check writer because a bank feels their powerful enough to abuse consumers because of their BBP and profiling the consumer is slander in the most cruel form. I know banking because I worked for one prior to data and software. We did not use consumers to cause them harm after long term layoffs. For twenty years., unknown to the data that was being used and the inaccuracies of the data began to evaluate our credit as high risk. Lenders and landlords, banks, insurers, and other CRA's who use this data to offer products and services that are deceptive, unfair, and designed to fail consumers, cost hundreds of thousands of dollars over a twenty year period. Banks want consumers direct deposit but then they take the deposit and use it to create fees and blame the consumer for not spending their money wisely or for not paying attention if the consumer is in their system. Bank of America is the only bank that did the ethical thing and returned the three thousand in fees. Wells Fargo has found a way to creatively manipulate our account and has returned every check I have written outside of their bank. Wood forest bank should be closed indefinitely and Chase is as cruel as the others. To cause consumers to not be able to cover rent or to share information that is created by their DTP should have to pay for the damages. Eventually as in my case it causes losses and keeps me from getting a job. I am speaking up and out because it is time for the truth to be exposed. As of this Friday we will be without a home because of the injustices caused by the systematically flawed CRA's. After discovering our credit reports have been outsourced to foreign countries that do not have the same laws that the United States has. It seems that our identities have been sold out to foreign investors as well as investors in the United States that do not have ethics nor do they have high risk consumers best interest in mind. Creditors that are unwilling to treat high risk consumers fair use fico scores and credit history to decide how the consumer accounts will be treated. If consumers that have inaccuracies, and are high risk it is likely the creditor will manipulate payments and cause consumer accounts to go into default. Then their accounts are sold to debt buyer investors, after the creditor has fulfilled their commitment to the contract but because of the BBP that are used the accounts are forced into default and consumer who is labelled high risk should have built their credit score up and had the right to rebuild but instead faces added years to their ongoing troubles. The downward spiral in our case was so severe that while renting an apartment a landlord evicted us and while on an appeal removed our property and by doing so caused ruin and losses, exposed our identities and documents that have slandered and ruined our lives. When years of data that is not accurate or that lenders have treated consumers with malice the losses will be impossible to correct. As a country and a citizen we have to all pay attention to these violations that are inhumane. To write this is not easy because of the fear of more retaliation however as in our case we make enough money but cannot rent, or purchase a home. All of the thirty years of savings and retirements have been used on fees, fines, high interest, job layoffs, healthcare that insurances would not cover and the list goes on and on. When a consumer is not on any type of financial assistance, vouchers, but is middle class workers they are vulnerable to these attacks because they are left unprotected. When the consumer is not high risk but has been unfairly rated for twenty years the consequences are overwhelming and eventually costs consumers to lose everything including th ability to rent a property. This ruin is so devastating that it is unspeakable and overwhelming because when consumers are not able to afford an attorney or they are unaware of the third party interference until total destruction has been inflicted; it is at best overwhelming . Please understand that mistakes and debts that we owe will be paid or they are paid. How can consumers who are misjudged,displaced and unfairly evaluated get out of the abyss of these flawed systems? Disputes and letters have failed to correct the violations and inaccuracies.
